Earnings

Netflix’s revival of the comedy series “Arrested Development” didn’t reel in as many subscribers to the Internet video service as Wall Street had hoped, turning a solid second-quarter earnings report into a reality check.

Intel Corp., the world’s largest maker of chips for PCs, put a brave face on the decline of the global PC sales earlier this year, saying it expected its own sales to grow. On Wednesday, it backtracked, saying sales will be flat.

Oracle is still having trouble closing enough business software deals to keep Wall Street happy. The quarterly results announced Thursday could escalate investors’ fears about Oracle’s ability to adapt to the changing demands of its customers.

The San Francisco-based clothing retailer, which operates the Gap, Old Navy and Banana Republic clothing chains, says that it earned $333 million, or 71 cents per share, for the three-month period ended May 4. That compares with $233 million, or 47 cents per share, in the year-ago period.

Netflix’s move to compete against traditional cable-TV channels with original programming is pulling in more subscribers to its internet video service and winning back investors who doubted the company’s ability to develop distinctive entertainment.